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$3,510 (target)

1508 Spalding Road, Savannah, GA 31406

3 beds • 2 baths • 1793 sqft

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This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $130k initial cash invested.

-7.34%

Cash On Cash

4.91%

Cap Rate

0.77

DSCR

$3,510

Rent

-$798

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,510 income − $4,308 expenses = $798 out of pocket

Income$3,510Out of Pocket$798Mortgage P&I$2,84981%Property Taxes$752%Insurance$1925%Management$42112%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38611%

Investment Breakdown

|

Purchase Price

$536k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$107k

Closing costs

1%

$5,355

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,510

Total Expenses

$4,308

Mortgage P&I

81%

$2,849

Property Taxes

2%

$75

Home Insurance

5%

$192

HOA

0%

$0

Property Management

12%

$421

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$386

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